Simple Graphics and Diagrams Explain how Blockchains Work and their Applications

Here is a collection of diagrams describing how the block chain works. These simple diagrams effectively explain the concept of block chain technology and how it validates, verifies, and stores transactions in a chain of code that is shared by all users of the blockchain.

(source twimg.com)

(source slideshare.net)

The stage we are entering now is the application stage. Beyond just being a substitue for private central banking controlled fiat currency, the block chain automates functions currently being processed by beaurocrats in government and large inefficient corporate organizations such as banks. Blockchain technology is not just beyond bitcoin. It is beyond the principles of economics, accounting, government, security, and privacy. It will completely revolutionize society and is a force for freedom. With blockchains people can reach agreements and transfer value without the need for trust. You know why banks are called trusts? Guess what...no more need to trust banks anymore. Some of us never did.

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Each of these slides and graphics is attributed to their respective creators or authors. I have made every effort to ensure that no copyrights have been infringed upon. This article is a non commercial editorial that is for information purposes only. I hope you enjoy learning about blockchain as much as I do.

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